SCIB buys land for RM21.6 mil for capacity expansion
KUALA LUMPUR (Jan 26): Sarawak Consolidated Industries Bhd (SCIB) said it is acquiring leasehold plots in Demak Laut Industrial Park in Kuching from the Land and Survey Department of Sarawak measuring 8.85 ha for RM21.62 million cash.

This follows an earlier filing by SCIB on Jan 17, which clarified it was in talks with the Sarawak state government to acquire the land plots for the purpose of expanding its production capacity.

The five plots of land are located some 15km from Kuching City Centre.

The industrial factory to be erected on-site, SCIB said, will produce concrete-related products such as spun piles, spun pipes and reinforced concrete products. Construction is expected to start in 2Q2024, and to complete by 1Q2025 for operations to kick-start in 2Q2025, it said.

It added that it has been planning to relocate its current factory in Pending Industrial Estate to the bigger new site, which will allow it to increase production capacity by almost 30%.

“After relocating to the new Demak Laut site, the existing land at Pending Industrial Estate could be used for mixed development purposes subject to project feasibility studies,” SCIB said.

SCIB group MD Ku Chong Hong said in a statement that the expansion “aligns perfectly with the anticipated increase in demand driven by Sarawak's rapid infrastructure development plans in the coming years”.

Guys there's no looking back now. Better top up on IJM before this HSR train leave the station 😁

https://www.klsescreener.com/v2/news/view/1268551/newsbreak-berjaya-land-ijm-mrcb-and-ktmb-join-forces-to-bid-for-kl-singapore-hsr-job

Last week UMA bcos of LD this week kena lagi UMA 😁

I will buy when price drop to 0.60.

I bought SCIB since 2021 still holding till now. Its bcos I believe in the future potential of this co. Otherwise I would have sold long time ago.

Buy before LU today

Why BV so quiet?

I kept on buying and it kept going up...pening kepala 😁

Waiting for the drop back to 12sen to buy more

Downtrend is opportunity to buy....

Time to top up before price go beyond $1.00

Does anyone knows why the price jump?

Wait for 90sen next year

Come back after 6 mths and see

Come back after 6 months

28 Nov director sold 80m shares. Latest QR -79m. 2 directors been selling since Aug. IJM delayed PP till Feb'24.

Let them suffer! Why are you so busy body?

What a joke MACC

So dirtying her hands for a few minutes of photo ops to promote her image was a big sacrifice for this woman to go through ?! WTF!!

So funny LOL

Wait for their next quarter report. Don't buy unless you're sure.

Very soon Msians will need to go find job in Indonesia. Maybe then we will learn to vote wisely to pick a govt who puts its people's interest first.

They're in it for the perks and benefits.

You are always right.

Almost immediately the tide turns in his favour. This is politics. Seems unreal but Malaysia Boleh!

All this for trusting the US

Go now please. No need invitation.

A Real Hero of the people.

Yeah when its you telling us to pray I think we better do LOL!

Evil regime.....plain evil.

Very inspiring.

Bunch of rent seekers.

The US is the biggest menace to peace wherever they step their foot. This is a repeat of Nam. The situation and chaotic scenes in Kaboul is reminiscent of the fall of Saigon.

What a joke

Why now? Why took so long?

Talk is cheap. Keep repeating. Nothing will change.

Pot calling kettle black

By any measure he is good president.

"Saya mau keluar makan durian"

Stay away from these pump n dump con stocks

A step in the right direction.

Uncle next time better think before you even speak. You can't always write nonsense without consequences. If the company hadn't reported you, you will still think you can get away with it.

Yeah use our own money again to save the economy ?? Kau jadi Finance Minister gaji sendiri bayar ka?? WTF!

Kami sudah mau mati kelaparan oi! Masih mau nunggu sampai besok ka? Sudah 1 bulan kau bikin apa oh??

Don't play play kena sue baru tau !

Yeah he really gave these fockers a public slap in the face.

Even if there is a breach of duty or act of negligence on the part of KPMG the damage has been done. What we have here is a very interesting case definitely without precedence in Malaysia. If by 31 Oct the review proves that the issues raised are trivial it would be detrimental to KPMG. This court case could turn out to be a very short one indeed.

Even if there is a breach of duty or act of negligence on the part of KPMG the damage has been done. What we have here is a very interesting case definitely without precedence in Malaysia. If by 31 Oct the review proves that the issues raised are trivial it would be detrimental to KPMG. This court case could turn out to be a very short one indeed.

Will he decide to destroy the slim chance that his govt might still have in the next GE?